Explain the subsidiary functions of commercial Bank.
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Explain the subsidiary functions of commercial Bank.
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Answer:
commercial bank is a kind of financial institution which carries all the operations related to deposit and withdrawal of money for the general public, providing loans for investment, etc. These banks are profit-making institutions and do business only to make a profit
Top 5 Functions Performed by Commercial Banks– Discussed!
(a) Accepting Deposits:
(b) Advancing Loans:
(c) Discounting Bills of Exchange or Hundies:
(d) Transfer of Money:
(e) Miscellaneous Functions:
Commercial banks offer loans, deposits, savings accounts, etc. to their customers.
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Credit creation.
Investment of funds.
Discounting bills of exchange.
Offering overdraft facilities.
Agency functions.
Offering the locker facility.
Dealing in foreign exchange.
Exchanging securities.